Technology disruption comes to the travel sector, tourism industry needs update
In the World
Nobody wanted to see it
We better keep an eye on Chinese housing prices
By Julia Pastor | Given the changing global economy and its prospects for the coming months, all eyes are on China, where policies to curb real estate prices are beginning to take effect. According to official data from the national statistics office, that JP Morgan in Spain includes in its Friday report, in November, new housing prices in China fell by -0.17% MoM (although they are still at +2.3% YoY)…
US Insight expands in Europe through Inmac adquisition
US company Insight Enterprises, a global technology provider of hardware, software and service solutions, has announced that its European operation will acquire Frankfurt-based Inmac, a broad portfolio B2B hardware re-seller based in Germany and Netherlands servicing clients across Western Europe. Inmac’s revenues are approximately $120 million. The transaction is expected to in mid-February. “We are extremely excited about the acquisition of Inmac, which will provide a great team, broad client base…
Industrial market conditions still sound
Inequality map
China’s foreign debt grows by 27% but “it’s safe,” say officials
China’s foreign debt totaled $697.16 billion at the end of September, a rise of 27 percent over the figure at the end of 2010, according to the foreign exchange regulatory officials of the Asian country. The short term debt accounted for 72.81 percent of the total, amounting to $507.63 billion, underlines the State Administration of Foreign Exchange on its official website. In addition, the institution explained that 75.81 percent of…
Shopping in Europe
NEW YORK | While European companies and banks try to forget this annus horribilis, some US financial firms are rubbing their hands: under pressure from regulators, Europeans will have to shed up to $3 trillion in assets over the next 18 months, according to Morgan Stanley. Market dislocation on this side of the Atlantic means also a great occasion for American companies to go shopping. This month the German Commerzbank…
Spain, a solar energy world leader
MADRID | According to data published by the Spanish Association of the Solar Power Industry, and published today by the digital newspaper El Confidencial, once again in 2011 Spain is the country with the most thermosolar energy power installed in the world. “Spain has 1,100 MW installed, just over twice the amount installed in the US, the second market in the world where some national companies, such as Abengoa, are…
China leads patent filing, but US and EU companies are more innovative
LONDON | By tracking published patent applications, examining real-world trademark and copyright infringement issues and comparing the government policies and long-term innovation strategies of China to other world leaders, Thomson Reuters research suggests that although China leads the world in patent and trademark filings, its status as a global player still faces challenges. The following are some of the key findings of the new research: China Now Leads World in…